Top Cryptocurrencies Rise; Bitcoin Tops $108,000 Level
Major digital assets rose Wednesday, with Bitcoin (BTC/USD) topping the $108,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.4% in the past 24 hours. The Nasdaq 100 fell 1.4% in late trading, the S&P 500 dropped 1.6%, and the Dow Jones Industrial Average decreased 1.9%. Bitcoin was up 1.5% at $108,359, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 44.7% to 75.7 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, was up 0.7% to $2,512. XRP (XRP/USD) gained 1.3%, BNB (BNB/USD) rose 3.8%, and Solana (SOL/USD) climbed 1.8%. Dogecoin (DOGE/USD) was up 3.3%, and Cardano (ADA/USD) surged 3.2%. The US 10-year Treasury yield stood at 4.595% at 3 p.m. ET Wednesday, up from 4.477% Tuesday, while the five-year yield rose to 4.153% from 4.063%. The total market value of the cryptocurrency industry rose 1.5% in the past 24 hours to $3.4 trillion, with trading volume up 39.4% to $166.73 billion.